Around Town | Apartments, new retail will replace shopping center in Virginia Beach

(RECAP: A part of the New Point shopping center is being demolished to make space for The Nexus Flats – a community of two apartment buildings containing 268 units. The remainder of the aging strip shopping center will be refurbished, followed by the introduction of new retail merchants. Each of the four-tale apartment buildings at 544 Newtown Road will have an interior courtyard and feature one- and two-bedroom units, according to Kate Verreault, director of marketing and leasing operations for Boyd Homes, developer of the project. Apartments range in size from 500 square feet to 1,300 square feet. Residents will have direct access to the adjacent shopping center.)

Powered by WPeMatico

Virginia to get nearly $7 million in funds for affordable housing

(RECAP: U.S. Sens. Mark R. Warner and Tim Kaine (both Democrats from Virginia,) have announced that 18 initiatives led by Virginia financial institutions and nonprofits will receive $6.6 million from the Federal Home Loan Bank of Atlanta’s Affordable Housing Program (AHP) to support affordable housing development in Virginia. “Affordable housing is one of the bedrocks of economic security and financial stability for American families,” Warner said in a statement. “These funds will provide valuable resources for existing housing networks in Virginia, which are already on the ground working to provide individuals with a place to live that is within their reach. This support will help revitalize local neighborhoods, make jobs, and encourage economic development within the Commonwealth.”)

Powered by WPeMatico

The next big fight over housing could happen, literally, in your back yard

(RECAP: Second homes, often called “granny flats,” have become a new front in the conflict that pits the need for more housing in the country’s most expensive cities against the wishes of neighbors who want to preserve their communities. The same battles flare over large developments that might loom over single-family neighborhoods. But even this modest thought for new housing — let homeowners build it in their own back yards — has run into not-in-my-back-yard resistance.)

Powered by WPeMatico